Gains are short-term or long-term depending on how long you held the asset. For listed shares and equity funds, gains are long-term after 12 months. Since 23 July 2024, short-term gains on these are taxed at 20%, and long-term gains above ₹1.25 lakh a year at 12.5%. Other assets have different holding periods and rules.
Finance glossary
What is Capital gains?
The profit made when you sell an asset such as shares, mutual funds, gold or property for more than you paid.
